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University of Florida football programs are printed 1 week prior to each home game. Attendance averages...
University of Florida football programs are printed 1 week prior to each home game. Attendance averages 60,000 screaming and loyal Gators fans, of whom two-thirds usually buy the program, following a normal distribution, for $4 each. Unsold programs are sent to a recycling center that pays only 10 cents per program. The standard deviation is 5,000 programs, and the cost to print each program is $2. Refer to the standard normal table for z values.
(a) What is the cost of underestimating demand for each program?
(b) What is the overage cost per program?
(c) How many programs should be ordered per game?
(d) What is the stockout risk for this order size?
Solutions
Amanda K answered 2 years agoRelated Solutions
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Q11111)
Each week coaches in a certain football league face a decision
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Case Study Forecasting Attendance at SWU Football Games Southwestern University (SWU), a large state college in...
Case Study Forecasting Attendance at SWU Football Games
Southwestern University (SWU), a large state college in
Stephenville, Texas, 30 miles southwest of the Dallas/Fort Worth
metroplex, enrolls close to 20,000 students. In a typical town–gown
relationship, the school is a dominant force in the small city,
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residents.
A longtime football powerhouse, SWU is a member of the Big
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The National Football League (NFL) polls fans to develop a rating for each football game. Each...
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rating for each football game. Each game is rated on a scale from 0
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sample of 12 games follow. 57 61 85 73 71 73 20 58 80 79 84 73
a. Develop a point estimate of mean fan rating for the
population of NFL games (to 2 decimals).
b. Develop a point estimate of the standard deviation for the...
The National Football League (NFL) polls fans to develop a rating for each football game. Each...
The National Football League (NFL) polls fans to develop a
rating for each football game. Each game is rated on a scale from 0
(forgettable) to 100 (memorable). The fan ratings for a random
sample of 12 games follow.
57
62
87
73
72
72
20
56
79
78
83
73
b. Develop a point estimate of the standard
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Solve the problem. 21) The total home-game attendance for major-league baseball is the sum of all...
Solve the problem.
21) The total home-game attendance for major-league baseball is
the sum of all attendees for all stadiums during the entire season.
The home attendance (in millions) for a number of years is shown in
the table below.
21)
Year
Home Attendance (millions)
1978
40.6
1979
43.5
1980
43.0
1981
26.6
1982
44.6
1983
46.3
1984
48.7
1985
49.0
1986
50.5
1987
51.8
1988
53.2
a) Make a scatterplot showing the trend in home attendance.
Describe what you...
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game.
c. Primary color of a team’s jersey (or shirt) during a
game.
d. Pre-World Cup ranking of each team.
e. Home state of each player on the U.S. team.
f. Temperature, degrees Celsius, at the kick-off (meaning,
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g. Whether (or not) a player attended a college or
university.
h....
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(a)
[Points 1.5/10]. Determine mathematically the break-even number...
1. The University of Florida is interested in determining if there is a difference in the...
1. The University of
Florida is interested in determining if there is a difference in
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so they send out a survey with a question that asks, "Do you
currently, or have you, worked a job while taking classes at UF?"
Out of 874 males (group 2) that responded, 396 said yes, and out of
the 902 females (group 1) that responded, 489 said yes.
(Males - Females)
Find the point...
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